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Layoffs double in Sweden as pessimism rises

Layoffs double in Sweden as pessimism rises

Redundancies in Sweden are on the rise, with a fresh report showing that twice as many workers were laid off in October compared to the same month last year.

Published: 14 Nov 2012 12:15 CET

Redundancies in Sweden are on the rise, with a fresh report showing that twice as many workers were laid off in October compared to the same month last year, making for a labour market climate similar to that of 2009.

Some 10,300 people were made redundant in October, according to fresh figures from the Swedish National Employment Agency (Arbetsförmedlingen).

”It is becoming clear that there is an on-going weakening of the labour market," the the agency's chief analyst Clas Olsson said in a statement.

"There is a clear trend showing an increase in the number of unemployed. To this can be added the rise in redundancies."

The previous month 7,330 people in Sweden were laid off and in October 2010 that number was 5,700. The number of redundancies so far this year is on par with what it was in 2009, in the wake of the financial crisis of 2008.

The number of registered unemployed was at the end of October some 400,000 people, or 8.6 percent of the labour force.

At the same time last year the corresponding number was 8.2 percent.

The rise in redundancies indicates that employers have a more pessimistic outlook for the immediate future, which could mean a further weakening of the labour market.

However, according to Olsson, there is at least one bright spot on the horizon:

”In October, Sweden’s employers registered 52,000 vacancies to the employment agency, which is 2,000 more than the same month in the previous year. And some 48,000 people were given some form of employment,” said Olsson.

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14:14 November 14, 2012 by Great Scott
Maybe the lambs that follow this incompetent government might listen up now and start to realise what most of the population has known for a long time now. And that is people can see through the lies of reinfeldt and borg. Companies closing, and more to come, 20% unemployment (real figures), people have much less spending power and reinfeldt and borg tell everyone Sweden is booming, ha ha ha.

"And some 48,000 people were given some form of employment," said Olsson. He is referring to the Fas 3 atrocity, the place where Sweden's true unemployment figures are hidden.
16:24 November 14, 2012 by just a question
Why the mainstream media never says the real numbers of unemployment in Sweden? Why there are not researchers telling the truth?
17:48 November 14, 2012 by Great Scott
@ just a question

Because the government (lies and distorts) about the true figures.
17:57 November 14, 2012 by Spuds MacKenzie
And this government continues to import 50,0000 uneducated, unskilled refugees annually. These unemployment numbers are only gonna skyrocket!
18:06 November 14, 2012 by Great Scott
@ just a question

Because the government (lies and distorts) about the true figures.
15:12 November 15, 2012 by Swedish Cat
Tough times ahead and just be lucky that Social Democrats are not in power. How bad this might look it would be way worse having an irresponsible party in power spending all the money that Sweden does not have making it worse. Don´t believe me? Take a look at France who got the socialistic party elected 6 months back...if even! After the left came into power France is now one of the countries that might need a financial bail out from being strong.
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